Lamacchia Buys Berkshire Brokerage
Lamacchia Realty’s westward march of acquisitions has finally reached Massachusetts’ western border.
Lamacchia Realty’s westward march of acquisitions has finally reached Massachusetts’ western border.
The state’s largest independent residential real estate brokerage now owns the home base of National Association of Realtors President Kevin Sears.
Expect more real estate brokerage consolidations over the course of 2024 if last year’s activity is any indication. Brokerages that made acquisitions in 2023 are looking for more deals this year.
Fresh off its acquisition of a Provincetown brokerage earlier this month, Boston residential real estate brokerage Gibson Sotheby’s International Realty announced it has bought Unlimited Sotheby’s International Realty.
The Boston-based brokerage is expanding its Cape Cod footprint by buying a brokerage founded by a storied figure in Provincetown home sales.
Connecticut-based luxury brokerage William Raveis Real Estate has planted its flag in the Pioneer Valley with the purchase of a local firm with offices in Northampton and Amherst.
Waltham-based Lamacchia Realty has expanded its footprint into Bristol County and the Providence, Rhode Island metro with two brokerage acquisitions that add nearly 80 agents to its roster.
Berkshire Hathaway HomeServices Robert Paul Properties has bought a fellow BHHS affiliate serving the South Coast.
In buying a five-year-old Newburyport brokerage, Gibson Sotheby’s International Realty has become the latest Massachusetts brokerage working across the state line in New Hampshire.
It’s a tough time to be a residential real estate brokerage right now. Revenue is falling along with numbers of home sales, raising the prospect that not every firm will survive next year.
Boston-based real estate brokerage and investment firm Senné is getting 51 new agents by absorbing an Arlington and a Cambridge brokerage.
Berkshire Hathaway HomeServices Robert Paul Properties announced it is buying Cape Cod Oceanview Realty as it continues to expand.
Another independent seaside brokerage has been bought by a major regional player.